11:26 GMT31 October 2020
Listen Live
    Get short URL

    During the president of the European Commission's last visit to the US, the sides agreed that the EU would start importing more US-grown soybeans and LNG in exchange for Washington lifting its hefty tariffs.

    European Commission chief Jean-Claude Juncker stated on August 9 that US liquefied natural gas (LNG) could play an important role on the European energy market, but noted that Washington must take certain steps for this to happen.

    "The growing exports of US liquefied natural gas, if priced competitively, could play an increasing and strategic role in EU gas supply. But the US needs to play its role in doing away with red tape restrictions," Juncker said.

    Juncker traveled to the US in July to discuss lifting the US tariffs on European goods. The sides agreed that in exchange for revoking tariffs, the EU will start importing more soybeans and LNG from the US.

    READ MORE: EU Wants to Boost LNG Imports From US in Exchange of Lifting US Aluminum Tariffs

    Trump has expressed discontent over Europe filling its energy market with cheaper Russian gas instead of buying LNG from the US.

    Moreover, Washington has warned European countries against participating in the Russian Nord Steam 2 pipeline project, threatening to impose sanctions otherwise. The US cited concerns that it would allegedly undermine Ukraine's position, since one of the major gas flows from Russia to Europe goes through the country. Russia has refuted this allegation.


    EU Agrees to Buy ‘Unwanted’ US LNG to Hold Off Tariffs on German Cars - Analysts
    No More Than 4 New LNG Facilities Will be Built in EU Anytime Soon - Researcher
    Trump Claims EU Will Spend Its Money to Build Ports for LNG Imports from US
    Trump's Wishful Thinking: Why EU is Unlikely to Become 'Massive Buyer of US LNG'
    British Petroleum to Buy US LNG for 20 Years Amid Struggle for EU Market
    LNG Suppliers Try to Force EU to Purchase More Expensive Gas - Kremlin
    trade war, tariffs, LNG, Jean-Claude Juncker, European Union, US
    Community standardsDiscussion